--- title: Data Gumbo Named to the 2020 CB Insights Blockchain 50 description: CB Insights named Data Gumbo to its inaugural Blockchain 50 list, a list of the top companies using blockchain to solve business or consumer problems. image: https://media.datagumbo.com/hubfs/CB%20Insights_Blog%202.png --- [![Data Gumbo](https://media.datagumbo.com/hs-fs/hubfs/Imported%20sitepage%20images/DataGumbo_logo_EPS_png.png?width=150&height=45&name=DataGumbo_logo_EPS_png.png "Data Gumbo")](https://www.datagumbo.com/) - [Platform](https://www.datagumbo.com/platform) Show submenu for Platform - [GumboNet](https://www.datagumbo.com/platform) Show submenu for GumboNet - [Blockchain as a Service](https://media.datagumbo.com/platform#baas) - [GumboNet Smart Contracts](https://media.datagumbo.com/platform#smart-contracts) - [Network Effect](https://media.datagumbo.com/platform#network-effect) - [Security & Compliance](https://media.datagumbo.com/platform#security) - [ESG Reporting](https://www.datagumbo.com/platform/esg-reporting) - [Industries](https://www.datagumbo.com/industries) Show submenu for Industries - [Energy](https://media.datagumbo.com/industries#energy) - [Oil & Gas](https://media.datagumbo.com/industries#oilandgas) - [Supply Chain & Logistics](https://media.datagumbo.com/industries#supplychain) - [Mining](https://media.datagumbo.com/industries#mining) - [Construction](https://media.datagumbo.com/industries#construction) - [ESG](https://media.datagumbo.com/industries#esg) - [Manufacturing](https://media.datagumbo.com/industries#manufacturing) - [Commercial Real Estate](https://media.datagumbo.com/industries#realestate) - [Pricing](https://www.datagumbo.com/pricing) - [Company](https://www.datagumbo.com/about-us) Show submenu for Company - [About Us](https://www.datagumbo.com/about-us) - [Careers](https://www.datagumbo.com/about-us/careers) - [Contact Us](https://www.datagumbo.com/contact-us) - Resources Show submenu for Resources - [Blog](https://blog.datagumbo.com/en/gumbonet-blog) - [Press](https://media.datagumbo.com/en) - [Resource Library](https://www.datagumbo.com/resource-library) - [Platform](https://www.datagumbo.com/platform) Show submenu for Platform - [GumboNet](https://www.datagumbo.com/platform) Show submenu for GumboNet - [Blockchain as a Service](https://media.datagumbo.com/platform#baas) - [GumboNet Smart Contracts](https://media.datagumbo.com/platform#smart-contracts) - [Network Effect](https://media.datagumbo.com/platform#network-effect) - [Security & Compliance](https://media.datagumbo.com/platform#security) - [ESG Reporting](https://www.datagumbo.com/platform/esg-reporting) - [Industries](https://www.datagumbo.com/industries) Show submenu for Industries - [Energy](https://media.datagumbo.com/industries#energy) - [Oil & Gas](https://media.datagumbo.com/industries#oilandgas) - [Supply Chain & Logistics](https://media.datagumbo.com/industries#supplychain) - [Mining](https://media.datagumbo.com/industries#mining) - [Construction](https://media.datagumbo.com/industries#construction) - [ESG](https://media.datagumbo.com/industries#esg) - [Manufacturing](https://media.datagumbo.com/industries#manufacturing) - [Commercial Real Estate](https://media.datagumbo.com/industries#realestate) - [Pricing](https://www.datagumbo.com/pricing) - [Company](https://www.datagumbo.com/about-us) Show submenu for Company - [About Us](https://www.datagumbo.com/about-us) - [Careers](https://www.datagumbo.com/about-us/careers) - [Contact Us](https://www.datagumbo.com/contact-us) - Resources Show submenu for Resources - [Blog](https://blog.datagumbo.com/en/gumbonet-blog) - [Press](https://media.datagumbo.com/en) - [Resource Library](https://www.datagumbo.com/resource-library) ![](https://media.datagumbo.com/hs-fs/hubfs/CB%20Insights_Blog%202.png?width=1280&name=CB%20Insights_Blog%202.png) # Data Gumbo Named to the 2020 CB Insights Blockchain 50 [Data Gumbo Team](https://media.datagumbo.com/en/author/ryantmurphy) Dec 16, 2020 8:44:26 AM *Data Gumbo recognized for achievements in* *realizing transactional certainty in commercial relationships* [CB Insights](http://cbinsights.com) today named [Data Gumbo](https://www.datagumbo.com/), the trusted industrial blockchain company and provider of GumboNet™, the company’s massively interconnected blockchain network, to its inaugural [Blockchain 50](http://www.cbinsights.com/research/report/blockchain-technology-companies)ranking, a list of the top private companies applying or analyzing blockchain technology to solve business or consumer problems across various industries. Developed in partnership with [Blockdata](https://blockdata.tech/), a blockchain intelligence and data company that was acquired by CB Insights, the 2020 Blockchain 50 cohort includes companies from all around the globe across varying investment stages of development, from early-stage startups to well-funded unicorns. Combined, these companies have raised over $3B across 113 deals since 2017. “Blockchain moved from possible to practical in 2020 as evidenced by the enterprise adoption we tracked. At the same time, the blockchain company ecosystem also became more crowded, creating noise and uncertainty for enterprises as they evaluate vendors and partners. The Blockchain 50, which we've created in conjunction with Blockdata, was born out of a desire to reduce that uncertainty and recognize the pioneering companies using the blockchain,” said CB Insights CEO Anand Sanwal. “This inaugural class of the Blockchain 50 is tackling a range of use cases across trade finance, capital markets, exchanges and more and are being used by banks, governments and major retailers. We’re excited to see the impact the Blockchain 50 will have on industries as their solutions are deployed and to see the continued evolution of blockchain technology as it matures.” “Being named to this CB Insights’ list is an honor and testament to the power of Data Gumbo’s blockchain network GumboNet,” said Andrew Bruce, CEO and Founder, Data Gumbo. “Our smart contracts enable companies to leverage blockchain technology across the global business infrastructure to capture critical cost savings and value, forging a new foundation for commercial transactions: one based on trust, transparency, speed and visibility.” Through an evidence-based approach, the CB Insights research team, in collaboration with Blockdata, selected the Blockchain 50 from thousands of applications and nominees, based on factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty. The [Mosaic Score](https://www.cbinsights.com/company-mosaic), based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum. With escalating market traction, Data Gumbo is wrapping [a landmark year complete](http://links.datagumbo.com/frt) with strategic new hires; international office expansions; strong customer adoption for smart contract and payment execution and automation, execution by several leading national oil companies, oil and gas operators, geothermal drilling, supply chain and logistics companies across energy and construction, as well as significant industry partnerships that showcase market penetration in asset-heavy industries further positioning the company for success in driving transactional certainty, economic productivity and value for major industrial players. **Quick facts on the 2020 Blockchain 50:** - The 2020 Blockchain 50 companies have raised over $3B in aggregate equity funding across 110+ deals since 2017. - The list includes five unicorns (companies valued at or above $1B) — Bitmain, Bitfury, Coinbase, Chainalysis, and Digital Currency Group. - While the majority of the companies are based in North America, 40% of the 2020 Blockchain 50 winners are based outside the United States, in countries such as the United Kingdom and Switzerland. - Blockchain Capital, Castle Island Ventures, Kinetic Capital, Pantera Capital, and Valar Ventures are the most active venture investors in the Blockchain 50, with 5 investments each since 2017. - Since 2017, corporate venture capital firms Digital Currency Group, Galaxy Digital, and ConsenSys Ventures have struck 13, 12, and 7 deals with the cohort, respectively. **About CB Insights** At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change. **Contact:** Hyeri Kim PR & Communications [hkim@cbinsights.com](mailto:hkim@cbinsights.com) Share on: [Share on Twitter](https://twitter.com/intent/tweet?url=https://media.datagumbo.com/en/data-gumbo-named-to-the-2020-cb-insights-blockchain-50-a-list-of-the-most-innovative-blockchain-companies&text=I+found+this+interesting+blog+post) [Share on Facebook](https://www.facebook.com/sharer.php?u=https://media.datagumbo.com/en/data-gumbo-named-to-the-2020-cb-insights-blockchain-50-a-list-of-the-most-innovative-blockchain-companies) [Share on LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https://media.datagumbo.com/en/data-gumbo-named-to-the-2020-cb-insights-blockchain-50-a-list-of-the-most-innovative-blockchain-companies) You may also like ![](https://media.datagumbo.com/hs-fs/hubfs/Water%20Haulage%20Pilot%20Illustration_Print.jpg?width=630&name=Water%20Haulage%20Pilot%20Illustration_Print.jpg) ![](https://media.datagumbo.com/hs-fs/hubfs/Water%20Haulage%20Pilot%20Illustration_Print.jpg?width=630&name=Water%20Haulage%20Pilot%20Illustration_Print.jpg) Data Gumbo Awarded Blockchain Pilot Contract for Water Haulage ![](https://media.datagumbo.com/hs-fs/hubfs/Water%20Haulage%20Pilot%20Diagram_PR%202.png?width=630&name=Water%20Haulage%20Pilot%20Diagram_PR%202.png) ![](https://media.datagumbo.com/hs-fs/hubfs/Water%20Haulage%20Pilot%20Diagram_PR%202.png?width=630&name=Water%20Haulage%20Pilot%20Diagram_PR%202.png) Oil & Gas Blockchain Consortium Announces Successful Completion of Produced Water Haulage Pilot [![Data Gumbo Logo](https://8433262.fs1.hubspotusercontent-na1.net/hub/8433262/hubfs/DataGumbo_logo_final_darkText.png?width=150&height=59&name=DataGumbo_logo_final_darkText.png "Data Gumbo Logo")](https://www.datagumbo.com/) [Data Gumbo Corporation 600 Travis Street Suite 5050 Houston, Texas 77002](https://goo.gl/maps/FKnPG5Rhzg9ZQuie6) ##### Platform - [BaaS](https://media.datagumbo.com/platform#baas) - [Smart Contracts](https://media.datagumbo.com/platform#smart-contracts) - [Network Effect](https://media.datagumbo.com/platform#network-effect) - [Security & Compliance](https://media.datagumbo.com/platform#security) - [ESG Reporting](https://www.datagumbo.com/platform/esg-reporting) ##### Resources - [Blog](https://blog.datagumbo.com/en/gumbonet-blog) - [Press](https://media.datagumbo.com/en) - [Resources](https://www.datagumbo.com/resource-library) - [Knowledge Base](https://knowledgebase.datagumbo.com/knowledge) ##### Let's Connect - [Book a Demo](https://www.datagumbo.com/book-demo) - [Login](https://demo.datagumbo.com/login) - [Support](https://knowledgebase.datagumbo.com/knowledge) - [Contact Us](https://www.datagumbo.com/contact-us) - [info@datagumbo.com](mailto:info@datagumbo.com) [Follow us on Facebook](https://www.facebook.com/datagumbo/) [Follow us on LinkedIn](https://www.linkedin.com/company/data-gumbo/) [Follow us on Instagram](https://www.instagram.com/datagumbo/) [Follow us on Twitter](https://twitter.com/datagumbo) © 2026 All rights reserved. | [Privacy Policy](https://media.datagumbo.com/privacy-policy)